@inproceedings{a930997b33934bf2a84957f4cae6b535,
title = "Optimal electric energy storage operation",
abstract = "Estimating the arbitrage value of storage is an important problem in power systems planning. Various studies have reported different values based numerical solutions of variations of a basic model. In this paper, we instead rely on a closed form solution for storage control. The closed form highlights the right type of forecasting that is required and allows large horizon problems to be solved. We study various scenarios and provide a simple methodology for evaluating the arbitrage value of storage.",
keywords = "Energy storage operation, stochastic dynamic programming, warehousing problem",
author = "Junjie Qin and Raffi Sevlian and David Varodayan and Ram Rajagopal",
year = "2012",
doi = "10.1109/PESGM.2012.6345242",
language = "English (US)",
isbn = "9781467327275",
series = "IEEE Power and Energy Society General Meeting",
publisher = "IEEE Computer Society",
booktitle = "2012 IEEE Power and Energy Society General Meeting, PES 2012",
note = "2012 IEEE Power and Energy Society General Meeting, PES 2012 ; Conference date: 22-07-2012 Through 26-07-2012",
}